Home » Business » Dangote’s Refinery gets $997.4m US grant, opens Cement Factory in Zambia
Dangote’s Refinery gets $997.4m US grant, opens Cement Factory in Zambia
Aliko Dangote:

Dangote’s Refinery gets $997.4m US grant, opens Cement Factory in Zambia

By Leke Abidoye

Africa’s richest man, Alhaji Aliko Dangote is set to climb higher on the Forbes rich list in years to come as he has just secured a United States Trade and Development Agency (USTDA) Thursday in Lagos grant of $997.4 million dollars as training support for the proposed refinery by his Dangote Group. The grant was announced at the signing of a Memorandum of Understanding (MoU) between Dangote Group and the USTDA in Lagos

Dangote Group had in May declared that the proposed refinery would begin operation in the first quarter of 2018 with an investment of about 9 billion dollars.

Ms. Enoh Ebong, USTDA’s Deputy Director, said the agency was pleased to support the Dangote Oil Refining Company’s efforts to increase Nigeria’s oil refining capacity. She said it was a “sign of deepening the United States’ long history of support for vital infrastructure in Nigeria.’’

According to her “Since 1981, the USTDA has been operating in Nigeria with primary concerns in the area of oil and energy, and we are glad to continue in that line with what we are doing today,” she said.

Mr. Aliko Dangote, the Chairman, Dangote Group, lauded USTDA for its assistance toward the takeoff of the refinery. He noted that the aspect of training and capacity development was vital to the success of the project.

“For such a high-tech project investment, getting the right quality of human capital to run the plant is considered to be possibly the most critical success factor.

“We are, therefore, most grateful for the generous grant from the USTDA to support the training of some of the operators needed to successfully operate the Greenfield 650,000 bpd capacity refinery,” Dangote said.

Ms. Dehab Ghebreab, the Acting Consul General, US Consulate, in her remarks, said the success of the refinery could make Nigeria a haven of ‘miraculous’ economic growth within the next five years.

She urged the Nigerian Government to keep partnering with the private sector for better economic growth. The grant is expected to fund the training of more than 100 staff on the use of UOP technology licensing and engineering services.

Meanwhile, next week in far away Lusaka, Zambia, Aliko Dangote will be opening a spanking new Dangote Cement factory l in Ndola, Zambia. The 1.5mt plant in Ndola, 271km from Lusaka will produce 42.5-grade cement to compete against the lower-grade but dominant 32.5 products in the market. Aside from selling into local markets in the Copperbelt region, it will export cement to the mining regions of the Democratic Republic of Congo and Rwanda. The plant has reserves of more than 240 million tonnes of limestone

 

 

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